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The Marshall Company has determined that its return on equity is 18.5%. Management is interested in the various components that went into this calculation. You are given the following information: Sales = $12 M, Return on Assets = 7.5% and Return on Sales = 4.5%. What percentage of the company's assets are financed by equity? (Round to the nearest whole percentage)
Drop Shipping
A retail fulfillment method where a store doesn't keep the products it sells in stock but instead transfers customer orders and shipment details to either the manufacturer or a wholesaler, who then ships the goods directly to the customer.
Furniture Maker
An individual or company that specializes in designing and manufacturing furniture.
Furniture Store
A furniture store is a retail establishment that sells a variety of furniture items, such as sofas, beds, tables, and chairs, for different rooms in a home or office.
Local Optimization
Focusing on improving or optimizing a specific part of a system or process, without necessarily benefiting the system as a whole.
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